Roger Agnelli News
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Grupo BTG Pactual SA, the Brazilian bank led by billionaire Andre Esteves, agreed to pay $1.5 billion to form a joint venture in Africa with Petroleo Brasileiro SA as part of an incursion into the oil industry.
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Roger Agnelli, who oversaw a 10-fold surge in shares as head of Vale SA, is setting up his own commodities empire on a bet metal and food prices will resume a rally.
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Vale SA , the world´s largest iron- ore producer, said its controlling shareholders are seeking to replace Chief Executive Officer Roger Agnelli after he was criticized for not spending enough on some Brazilian projects.
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B&A Mineracao SA, the venture between Andre Esteves’s Grupo BTG Pactual SA and former head of Vale SA Roger Agnelli, may buy a company in the next three months after purchasing copper and fertilizers assets.
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Roger Agnelli, the former chief executive officer of Vale SA, created a financial company in Brazil to invest in energy, logistics and mining.
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Controlling shareholders of Vale SA, the world’s largest iron-ore exporter, may replace Chief Executive Officer Roger Agnelli with an executive from within the company, said a person close to one of the investors.
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Vale SA, the world’s largest iron-ore producer, “counts on China to keep growing” and fuel demand for the raw material used to make steel, Chief Executive Officer Roger Agnelli said.
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After Murilo Ferreira helped Vale SA win a takeover battle for Canadian miner Inco Ltd. in 2006, his boss, Chief Executive Officer Roger Agnelli , promoted him to head the unit and build a global nickel business from Toronto.
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Roger Agnelli, the former chief executive officer of Vale SA, plans to start a financial company in Brazil to invest in energy, logistics and mining, Exame magazine reported, citing Agnelli.
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MBAC Fertilizer Corp. ended flat after rising 12 percent in the last five days as a venture co- founded by Vale SA’s former Chief Executive Officer became the Canadian crop-nutrient producer’s largest shareholder.
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